Auto Task Force Adviser Wilson Sees General Motors IPO in 2010

Jul 1st, 2009 - Bloomberg

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July 2 (Bloomberg) -- General Motors Corp., the bankruptautomaker selling most of its assets to the U.S. government, mayfile for an initial public offering of its stock in 2010, saidan adviser to the Obama Administration’s auto task force.

GM was in bankruptcy court yesterday seeking approval tosell most of its assets to the Treasury, which is paying for thecompany with the more than $27 billion in loans it has made tothe automaker.

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